Gifting Without Medicaid Ineligibility

Many people believe gifting automatically causes a period of Medicaid ineligibility. However, you can make small gifts of $500 (total) each calendar month without causing a day of ineligibility for receipt of Medicaid in the nursing home setting. This will result in $6000 of additional annual penalty […]

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Trust Protector Can Provide Client Comfort

We use Irrevocable Medicaid Asset Protection Trusts extensively when working with clients to protect their assets from long term nursing home spending. In handling Nursing Home Asset Protection Planning, we confront client concerns about loss of control. In order to soothe the fears of lost control, clients […]

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One Year Wait for PA Gifting Exemption

Many people speak to us about gifting and transferring assets to protect them from spending on nursing home care. Frequently, they believe that gifted assets will be immediately exempt from PA Inheritance Tax. That is not correct. In Pennsylvania, a gift in excess of $3,000 must be […]

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